We are undertaking an end-of term review of the 2019-2023 Sydney Water Operating Licence which will inform our recommendations to the Minister for Water for a new operating licence to commence on 1 July 2024.

This cost-benefit analysis (CBA) approach paper outlines our proposed approach for weighing up the costs and benefits for proposed licence conditions. The CBA will inform our recommendations for the new operating licence by establishing if a proposed licence condition will generate a net benefit.

We will publish the outcomes of our CBA when we publish our draft recommendations for the operating licence.